Peter's Blog

CFTC CoTs Report: Price Drivers Go Beyond the Futures Market

Based on the latest Commitments of Traders (COT) report, the latest price action is potentially even more bullish than normal. The latest price moves have been supported by Managed Money but the data clearly shows there is more driving the upward movement. Please note: the CoTs report was published 03/31/2023 for the period ending 03/28/2023. […]

Central Bank Gold Buying Shows No Sign of Slowing Down

There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons, according to the latest data compiled by the World Gold Council. It was the 11th straight month of central bank net gold purchases.

China-Brazil Trade Deal Ditches the Dollar

More bad news for the dollar. Last week, China and Brazil announced a trade deal in their own currencies, completely bypassing the dollar. This represents another small shift away from dollar dominance.

Peter Schiff: The Fed Flunked It’s Own Stress Test

In the aftermath of the failure of Silicon Valley Bank and Signature Bank, many rushed to blame their demise on a lack of regulation. In particular, they focused on the fact that these banks were not required to undergo a Federal Reserve stress test. Indeed, small and midsize banks are exempt from the stress test […]

Services Price Inflation at Highest Level Since 1984

Energy prices have moderated and the price of some goods has dropped in recent months, but the cost of services continues to rise at a red-hot pace and is at the highest level since 1984. As a result, the core personal consumption expenditures price (PCE) index rose by  4.6% year on year. This is yet […]

Comex Reins in Platinum but Sees Gold Deliveries Rise

Gold has been seeing a large number of contracts roll in the final day of the contract. That did not happen this month. This has resulted in a large delivery volume.

The Fed Prints $324B in March As QE Restarts

By now it should be common knowledge that the Fed has blown up its balance sheet rather quickly to combat the current banking crisis. As the chart below illustrates, the Fed added a gargantuan sum to its balance sheet in March, netting an increase of $324B.

The Next Shoe to Drop? SchiffGold Friday Gold Wrap March 31, 2023

The Federal Reserve has added nearly $400 billion to its balance sheet in just two weeks while simultaneously claiming to still be in the inflation fight. While things seemed pretty quiet this week after the bank bailout, Friday Gold Wrap host Mike Maharrey says it’s only a matter of time before the next shoe drops. […]

Tennessee Governor Signs Bill Authorizing State Gold and Silver Reserves

Tennessee Gov. Bill Lee has signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves and could help undermine the Federal Reserve’s monopoly on money.

Could the Commercial Real Estate Market Be the Next Thing to Break?

Could the commercial real estate market be the next thing to break in this bubble economy? The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low interest rates in the wake of the 2008 financial crisis […]